The Following Information Is Provided for Nguyen Company and Northwest

Multiple Choice

The following information is provided for Nguyen Company and Northwest Corporation. $$\begin{array} { l c c } { \text { (in } \$ \text { millions) } } & \text { Nquyen Company } & \text { Northwest Corporation } \\\hline \text { Net income } 2022 & \$ 165 & \$ 420 \\\text { Net sales } 2022 & 1,650 & 4,900 \\\text { Total assets } 12 / 31 / 20 & 1,000 & 2,400 \\\text { Total assets } 12 / 31 / 21 & 1,050 & 3,000 \\\text { Total assets } 12 / 31 / 22 & 1,150 & 4,000\end{array}$$ If Nguyen and Northwest are in the same industry and the industry average for asset turnover is equal to 1.20 times which of the following statements is true?

A) Only Nguyen is operating more efficiently than the industry.
B) Northwest is operating more efficiently than Nguyen.
C) Both Nguyen and Northwest are operating more efficiently than the average company in their industry.
D) The asset turnover does not address the question of efficient operations.